The City is unwavering in its quest for good governance and transparency. This is what Mayor Mzwandile Masina told delegates at the Chartered Institute of Government Finance, Audit & Risk Officers (CIGFARO) conference currently underway at Emperors Palace in Boksburg.
He said the City's collection, management and distribution of financial resources was evidence of the seriousness with which it takes the principles of good governance and transparency as reflected in this year's theme for the CIGFARO conference - "Reclaiming governance and accountability in the public sector".
"The City has increased its capital expenditure to above R6 billion in the last financial year. This is an increase from R4.1 billion to R6.7 billion and we will continue ramping it up in the outer years and the target is to reach R10 billion by 2021," said Mayor Masina.
In light of the growing budget, the City has acquired more capacity to finance local development, infrastructure and economic growth projects. Whilst accountability and consequence management in the public sector was raised as a burning concern by CIGFARO president Dr Krish Kumar, Mayor Masina highlighted the City's efforts to fight fraud and corruption and revealed that to date, seven senior officials, including two heads of department, have been suspended due to allegations of impropriety.
The CIGFARGO conference, which continues until 10 October, is held annually and this year the City of Ekurhuleni is the proud host and partner of this prestigious event that is attended by officials from municipalities, provincial and national government, legislatures, Chapter 9 Institutions, state-owned enterprises and private sector organisations.